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Request For Board Action REFERRED TO BOARD: November 9, 2020AGENDA ITEM NO: 3ORIGINATING DEPARTMENT: Parks and RecreationSUBJECT: Consideration of a Resolution Approving the cancellation and modification
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3a - rfba modifications refer to amendments or changes made to the Section 3(a) registration of a Real Estate Financial Business Activity (RFBA), which involves reporting updates or corrections to previously filed information.
Entities or individuals that are registered under the 3(a) RFBA and need to report changes in their business activities, ownership, or other pertinent information are required to file 3a - rfba modifications.
To fill out 3a - rfba modifications, one must complete the designated form provided by the regulatory authority, ensuring all required fields are filled accurately, and include any necessary documentation supporting the modifications.
The purpose of 3a - rfba modifications is to keep regulatory authorities informed of any significant changes in the business activities of RFBA registrants, thereby ensuring compliance and transparency in financial reporting.
Information that must be reported on 3a - rfba modifications includes details about changes in ownership, business structure, activities, financial status, and any other relevant information that affects the registration.
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